Tesla Model S Achieves Major Sales Milestone | Edmunds

Tesla Model S Achieves Major Sales Milestone

PALO ALTO, California — The Tesla Model S electric sedan hit a major milestone last week, with the California automaker announcing that a record number of cars were delivered to buyers.

Tesla delivered 11,507 Model S sedans in the second quarter, a new company record for the most cars delivered in a quarter. This represents a 52 percent increase over the second quarter in 2014.

Tesla noted: "This is only one measure of our financial performance and should not be relied on as an indicator of our quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles."

This promises to be a landmark year for Tesla, with deliveries of the 2016 Tesla Model X SUV set to begin in three to four months.

In February 2014, Edmunds put down a $40,000 deposit to purchase a Model X Signature Edition for its long-term test fleet.

Tesla recently said it has completed its internal crash tests on the Model X, with CEO Elon Musk telling shareholders it is "shaping up to be five stars in every category." The National Highway Traffic Safety Administration has not rated the Model X.

In a May 6 shareholder letter, the company said it plans to deliver 55,000 Model S sedans and Model X crossovers this year.

Further upgrades to Tesla's Supercharger long-distance charging network are also in the works.

The Tesla Model 3 sedan and crossover are expected to roll out sometime in 2017.

Edmunds says: It's shaping up to be a banner year for Tesla Motors.

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